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White Mountains falls to full-year loss despite “light” Q4 cats

February 9, 2022

Bermuda-domiciled financial services holding company White Mountains has posted comprehensive income of $34 million for the fourth quarter of 2021, and a loss of $273 million for the full-year.

Both figures were well below the $495 million and $716 million of comprehensive income that the company reported in the same respective periods last year.

They follow a loss of $373 million in Q3, when Ark, which is White Mountains’ P&C re/insurance focused business, was heavily impacted by natural catastrophe losses.

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